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Economy
New Zealand central bank says low net migration could cool housing prices
New Zealand’s runaway house prices could be brought back to earth by low net migration if the coronavirus pandemic keeps the country’s borders closed, according to the central bank’s deputy governor.Geoff Bascand told the…
‘There’s jobs but no money’: Turkey’s economic crisis begins to bite
In a jewellery shop close to Istanbul’s Taksim Square, Seda unzips an elegant black leather pouch and piles her gold jewellery on the counter to discuss selling it all. The shop owner gently places gold chains, rings and a pendant on a…
S&P 500 hits record close as Omicron fears ebb
Major indexes climb for 3rd straight sessionMerck's at-home COVID-19 pill gets U.S. approvalWeekly jobless claims unchanged at 205,000Consumer spending increases 0.6% in NovemberIndexes up: Dow 0.55%, S&P 0.62%, Nasdaq 0.85%Dec 23…
Thousands of Chinese influencers are rushing to settle their back taxes as the country’s
Top Chinese live streamer Viya was fined $210 million for tax evasion.Chen Zhongqiu/VCG/Getty ImagesMore than 1,000 live streamers have stepped forward to pay back taxes before a year-end deadline.Chinese authorities said in September…
Asia in cautious mood as Omicron spreads, U.S. CPI looms
An electronic stock quotation board is displayed inside a conference hall in Tokyo, Japan November 1, 2021. REUTERS/Issei KatoRegister now for FREE unlimited access to reuters.comRegisterAsian stock markets :Asia shares ease, but U.S.…
U.S. cuts off Ethiopia, Mali, Guinea from Africa duty-free trade program
Tadele Abate, 37, weaves a fabric at the Sammy Ethiopia hand made garments, hand-woven textiles and basketry factory in Addis Ababa, Ethiopia, October 14, 2021. REUTERS/Tiksa NegeriRegister now for FREE unlimited access to…
U.S. manufacturing catches breath; supply logjam starting to break up
Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles MostollerRegister now for FREE unlimited access to Reuters.comRegisterManufacturing activity…
Former China official warns of yuan weakness in 2022 as economy slows
SHANGHAI : China should prepare for its currency to pull further away from recent highs if economic data continues to disappoint next year, a former senior official at the country's foreign exchange regulator has warned.The dollar…
Malaysia not ‘as concerned’ about capital outflows as Fed sets to taper, finance…
Malaysia is not "as concerned" about investors pulling out of the country in a big way when the U.S. Federal Reserve starts winding down its asset purchases, the Malaysian finance minister told CNBC on Monday.Tengku Zafrul Aziz, the…
‘We are in limbo’: banned Belarus theatre troupe forced into exile
For 16 years, the Belarus Free Theatre has advocated for freedom of expression, equality and democracy through underground performances from ad hoc locations to audiences hungry for an alternative voice to the country’s repressive…